New - 3 days on Rocket
$3,741 Closing Credit¹
#5103170, Briana R Yost, Listing Office: Berkshire Hathaway HomeServices Stouffer Realty
Fairlawn Housing Market Report February 2025•Summit County, Ohio
Housing Prices in Fairlawn, OH
How much do homes in Fairlawn, OH cost?
Housing Market Conditions
Is Fairlawn, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Fairlawn is a Seller's Market
Difference Since February 2024
Since last year, Fairlawn has remained a Seller's Market.
Insight
Fairlawn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$315,000$143/SqFt
+$54,000
+20.7%
Based on all homes sold in the last 12 months
Insight
Homes in Fairlawn have sold for 20.7% more than they did a year ago.
Summary: The median home sold price in Fairlawn was $315,000 in February 2025, up 20.7% from last year, and the median price per square foot was $143.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Fairlawn | $261K | $315K | +20.7% |
| Bath Township | $450K | $525.5K | +16.8% |
| Akron | $128K | $144.9K | +13.2% |
| Copley Township | $308.5K | $321.5K | +4.2% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $185.5K | $195K | +5.1% |
| 33 Bedrooms | $260K | $313.5K | +20.6% |
| 44 Bedrooms | $431K | $369K | -14.4% |
| 55+ Bedrooms | $795K | $477.5K | -39.9% |
Summary: Fairlawn housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +5.1%. The home price for 3 bedroom homes increased by +20.6%. The home price for 4 bedroom homes decreased by -14.4%. The home price for 5 bedroom homes decreased by -39.9%.
Housing supply in Fairlawn, OH
How many homes are available in Fairlawn, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 25Last MonthFeb 2025 | ||
| 312 months agoJan 2025 | -19.4 % Change MoMJan – Feb |
Summary: The Fairlawn real estate market had 25 homes for sale in Feb 2025, a 19.4 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 6Last MonthFeb 2025 | ||
| 132 months agoJan 2025 | -53.8 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 7 | 7 | 0.0% |
| 33 Bedrooms | 16 | 11 | -31.3% |
| 44 Bedrooms | 6 | 5 | -16.7% |
| 55+ Bedrooms | 2 | 2 | 0.0% |
Summary: Fairlawn housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -31.3%. The inventory for 4 bedroom homes decreased by -16.7%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Fairlawn, OH cost?
Over Asking Price2 Homes
At Asking Price1 Home
Under Asking Price3 Homes
Insight
If you're buying a home in Fairlawn, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Fairlawn in February 2025, down by 53.8% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and and 33% were sold over asking.
Days on Market for Fairlawn, OH
How long does it take to sell a home in Fairlawn, OH?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days2 Homes
Over 90 Days0 Home
Insight
Many homes in Fairlawn are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 6 homes were sold in Fairlawn; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 21 DaysThis YearFeb 2025 | ||
| 48 Days1 year agoFeb 2024 | -55.9 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Fairlawn had an average listing age of 21 days in Feb 2025, down by 55.9% compared to the previous year.
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Newest Listings in Fairlawn, OH
What homes are available in Fairlawn, OH?
New - 3 days on Rocket
$7,422 Closing Credit¹
#5103108, Tina L White, Listing Office: EXP Realty, LLC.
New - 5 days on Rocket
$2,611 Closing Credit¹
#5102694, Andrew Minton, Listing Office: M. C. Real Estate
New - 7 days on Rocket
$2,316 Closing Credit¹
#5102110, Bettie J Schmikla, Listing Office: RE/MAX Results
$7,718 Closing Credit¹
#5100199, Ryan T Plowman, Listing Office: Plowman Properties LLC
$2,719 Closing Credit¹
#5098861, Mary Jo Kormushoff, Listing Office: Keller Williams Living
Backup offers
$3,086 Closing Credit¹
#5098658, Kathy M Green, Listing Office: Dan Marchetta Realty Inc.
#5097998, Roger L Nair, Listing Office: Keller Williams Elevate
#5093341, Gwendolyn J Petway, Listing Office: Plum Tree Realty, LLC
#5088082, Ryan Shaffer, Listing Office: EXP Realty, LLC.
$5,932 Closing Credit¹
#5087880, Laura Ross, Listing Office: Keller Williams Elevate
$10,000 Closing Credit¹
#5086437, Cassie Testa, Listing Office: Testa Real Estate Group
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 03/01/2023 - 03/01/2025
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 7:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.